Understanding the Market | SANHUA rose over 5% as Tesla's new robot approaches mass production, Morgan Stanley gives the company a target price of HKD 41
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SANHUA's stock price rose by more than 5%, currently reported at HKD 33.86, with a trading volume of HKD 249 million. Tesla founder Musk mentioned at the All-In Summit that the new Optimus robot is about to enter mass production, and SANHUA's long-term cooperation with Tesla is expected to drive growth in its humanoid robot business. JP Morgan has given SANHUA an "Overweight" rating, with a target price of HKD 41, implying an upside potential of about 30%
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